Kornitzer Capital Management Inc. KS Sells 2,037 Shares of Tyson Foods, Inc. (NYSE:TSN)

Kornitzer Capital Management Inc. KS trimmed its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,480 shares of the company’s stock after selling 2,037 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Tyson Foods were worth $1,923,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Tyson Foods by 44.8% during the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock valued at $67,917,000 after acquiring an additional 352,863 shares during the period. Sound Income Strategies LLC increased its stake in Tyson Foods by 14.0% during the fourth quarter. Sound Income Strategies LLC now owns 56,537 shares of the company’s stock valued at $3,248,000 after acquiring an additional 6,955 shares during the period. Empowered Funds LLC increased its stake in Tyson Foods by 289.9% during the fourth quarter. Empowered Funds LLC now owns 24,288 shares of the company’s stock valued at $1,395,000 after acquiring an additional 18,059 shares during the period. Mizuho Securities USA LLC increased its stake in Tyson Foods by 517.7% during the third quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company’s stock valued at $8,114,000 after acquiring an additional 114,179 shares during the period. Finally, Everence Capital Management Inc. bought a new position in Tyson Foods during the fourth quarter valued at about $775,000. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Down 0.5 %

Shares of TSN opened at $57.60 on Thursday. The company has a market capitalization of $20.52 billion, a P/E ratio of 19.46, a PEG ratio of 0.71 and a beta of 0.80. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. Tyson Foods, Inc. has a one year low of $52.11 and a one year high of $66.88. The business’s 50 day simple moving average is $57.26 and its 200-day simple moving average is $60.07.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. During the same quarter in the prior year, the business earned $0.69 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, sell-side analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s dividend payout ratio is 67.57%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TSN shares. Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target on the stock in a research note on Tuesday, February 4th. BMO Capital Markets upped their price objective on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Stephens upped their price objective on Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $61.10.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.